HSBC appoints new global market heads
HSBC, India has appointed Anand Krishnamurthy and Hitendra Dave as co-heads of global markets. They will assume their duties in July '06. M Tahilramani, who was earlier holding the post will move to Hong Kong as head of regional trading, Asia-Pacific.

Krishnamurthy and Dave will be responsible for managing interest rates, foreign exchange, derivatives trading activities and for development and expansion of the market for HSBC treasury's products and solutions to corporate and institutional accounts. They will also be responsible for widening the footprint of HSBC in the debt financing space.

Krishnamurthy is currently the head of interest rates, HSBC India, in which role he oversees the management of proprietary interest rate risk, structuring and the management of the money market book.

Dave heads the institutional sales team and is responsible for the sale of fixed income, derivative and funding solutions to banks, real money managers and insurance companies.
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MphasiS BFL reshuffles top brass
Bangalore: MphasiS BFL, in which global outsourcer EDS acquired a majority stake recently has reshuffled its board of directors.

Jerry Rao will continue to be on the board and will be the CEO&MD of the company. The new board will have six representatives from EDS, while there will be four Indian board members apart from Rao.

Jeroen Tas, director of MphasiS BFL who quit recently, will continue to be a permanent invitee to the board and will be a special advisor. Others who have quit include N Subramanian, a non-executive director and Ashish Dhawan of Chrys Capital.

On a standalone basis EDS has operations in Chennai and Pune apart from Gurgaon.

While announcing the acquisition, EDS had confirmed that it would hike the headcount from 14,000 to 20,000 this year and it intends to have this ramp up on the HR front.
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